The Latest
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Big Four firms call on SEC to soften PCAOB quality control standards
The PCAOB revisions may receive a warm response from the SEC, which under Chair Paul Atkins has pursued several efforts to ease compliance burdens.
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Sponsored by TrolleyPayouts, talent and trust: What CFOs need to get right
See what 450 independent earners expect from payouts—and what those expectations mean for CFOs.
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Midterm tax impacts: What CFOs should watch
The midterm elections could materially influence corporate tax policy, CPA and tax expert Dane Ware writes.
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How 10 years at storied Cleveland Foundation changed its CFO — and Ohio
The non-profit’s long-time CFO Rosanne Potter has put her corporate finance and treasury skills to use to help create community value, she said.
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Warsh says rise of AI will prove ‘very bumpy,’ trigger demand shock
“Earnings disappointments by AI developers could undermine expectations of future profitability, dealing a hit to equity prices,” IMF Managing Director Kristalina Georgieva said.
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Dark Matter Tech appoints new CFO in leadership shuffle
The mortgage tech provider named a new CFO, CTO and general counsel, after its freshly minted CEO increased the company’s AI focus.
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Courtesy of U.S. Attorney's Office, Southern District of New York
Super Micro’s CFO is out after change was slow-walked
The AI server maker has replaced CFO David Weigand with Western Digital alum Mark Long, nearly two years after an advisory committee called for Weigand’s ouster.
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Numeral nailed down metrics, then raised $100M
Hudson Bova is building the financial foundation for the self-styled “world’s most boring AI company.”
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Intuit deal signals bet on AI demand in revenue management
The plan to acquire revenue management platform Sequence comes as businesses increasingly contend with complex pricing and billing models.
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Producer prices surge at fastest pace since 2022, adding pressure on Fed
Soaring energy costs accounted for much of the leap in producer prices, according to the Bureau of Labor Statistics.
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Judge rebukes Trump officials for intimidating ex-FEMA CFO
Mary Comans, an “exemplary” career civil servant with over two decades of federal service, was fired last year after serving as FEMA’s CFO since 2018, the judge wrote.
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CEOs eye C-suite shake-ups as pressures mount: BCG
Finance chiefs topped the list of senior leaders at risk of being replaced over coming months, the study found.
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Inflation speeds up to 3.7%, fueled by surging gasoline prices
Consumers expect inflation during the coming decade to average around 2.7%, the highest level since 2007, according to the Federal Reserve Bank of Cleveland.
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Johnson & Johnson CFO taps internal investment for medtech growth
The pharma company is on track to reach $100 billion in recorded revenue despite “temporary” headwinds in its medtech segment, executives said.
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Small business optimism falls, hit by inflation, low labor quality: NFIB
“Fuel prices are killing us on our delivery trucks,” a retailer in Georgia told the National Federation of Independent Business.
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AICPA issues guidance for AI-assisted auditing
The report comes as CFOs seek to realize efficiencies of AI while guarding against such risks as rogue AI and hallucinations.
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Incoming Mueller CFO to receive $700K sign-on bonus
Labcorp alum Michael Morgan will also receive an initial equity award valued at $500K when he joins the water infrastructure equipment maker next month.
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Workday brings autopilots to finance in autonomous AI bet
The company said its latest tools will anticipate needs and take actions across finance and HR workflows, with customer-defined controls.
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Runpod’s new CFO prioritizes scaling finance, AI infrastructure
A veteran of Amazon and Microsoft, Runpod’s newly-minted CFO Brian Erickson is already hunting for new FP&A managers.
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AI cost volatility poses material margin risk for CFOs: Gartner
Unmonitored use of AI by workers or unrestricted paid licenses “can risk spiking millions of dollars in additional expense,” researchers warned.
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Courtesy of Orthofix
Orthofix pays former executives $24M in damages
The payments were made after a California arbitrator found private text messages between Orthofix executives couldn’t be considered cause for firing.
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Getting CFOs past the first AI ‘easy mile’
For organizations that have “quirky” house data, taking the time and resources to build a bespoke AI solution can often be more effective, Quadient’s Lilac Schoenbeck said.
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Borrowing costs still too low to cool inflation, economists say in survey
Business spending will likely grow at a 12.6% annual rate this year before slowing to 6.2% in 2027, according to economists surveyed by Wolters Kluwer.
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CFO warns against ignoring ‘shallowfakes’ in expense reports
“If I saw [an employee’s expense] claim I thought was fraudulent, I would be all over it,” Medius CFO Chris Wilmot said.
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Big bankruptcies decline while pace holds above historical average: Cornerstone
Several large companies cited tariffs as a contributing factor driving their bankruptcies, report co-author Trevor Haynes said.
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PepsiCo CFO touts cost discipline, slashes guidance
The beverage giant is focused on cutting costs as it navigates rising food prices and changing consumer habits which have impacted its North American business.
